Somerset Chamber Of Commerce
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 317,778 | 302,150 | 15,628 | 4.6 | 40% |
| 2012 | 283,951 | 273,179 | 10,772 | 5.6 | 45% |
| 2013 | 308,027 | 305,235 | 2,792 | 5.1 | 44% |
| 2014 | 323,927 | 335,199 | −11,272 | 4.2 | 42% |
| 2015 | 295,784 | 331,721 | −35,937 | 3.0 | 47% |
| 2016 | 294,794 | 325,497 | −30,703 | 1.9 | 51% |
| 2017 | 329,130 | 313,007 | 16,123 | 2.6 | 53% |
| 2018 | 308,769 | 289,036 | 19,733 | 3.6 | 51% |
| 2019 | 421,704 | 389,783 | 31,921 | 3.7 | 36% |
| 2020 | 197,392 | 234,225 | −36,833 | 4.2 | 54% |
| 2021 | 308,574 | 316,776 | −8,202 | 2.8 | 50% |
| 2022 | 318,815 | 333,445 | −14,630 | 2.1 | 52% |
| 2023 | 297,633 | 326,988 | −29,355 | 1.1 | 52% |
In its most recent public year (2023), this organization spent $29,355 more than it brought in. Its reserves stood at about 1.1 months of spending, down from 4.6 in 2011. Staff pay was 52% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Somerset Chamber Of Commerce's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works